A.M. Best: Negative Rating Implications from Wildfires for California Capital And Subsidiaries December 21, 2018 AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer...
Authorities: At Least $3B to Clear Debris from Homes Destroyed By California Wildfires December 14, 2018 By Paul Elias State and federal authorities estimate that it will cost at least $3 billion to clear debris from 19,000 homes and...
California Regulators to Look at New Blackout Rules to Prevent Deadly Wildfires December 14, 2018 By Mark Chediak California regulators have decided they need to step in and help determine when power blackouts are appropriate to prevent wildfires...
Allstate Says Losses from California Fires $670M, CEO Wants to Address Climate Change December 13, 2018 Allstate this week announced estimated catastrophe losses for the month of November 2018 of $685 million, pre-tax ($541 million, after-tax)....
Official Figure on Insured Losses for 2018 California Wildfires Reaches $9B December 12, 2018 By Don Jergler The official tally for insured losses from this year’s major California wildfires is $9.05 billion – for now. California Insurance...
AM Best Downgrades Ratings of Mercury in California, Wildfires a Factor December 12, 2018 AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit...
Utilities to Cover Power Lines, Expand Weather Monitoring in High Risk Areas December 12, 2018 By Kathleen Ronayne California utilities plan to insulate power lines, increase inspections and build new weather stations in areas at high risk for...
PG&E Sued for Ad Spending Instead of on Preventing Events Like the California Wildfire December 11, 2018 PG&E Corp. was accused of putting its “reputation above public safety” in a lawsuit alleging that the power company spends...
Modeler: Insured Losses from Camp Wildfire in California at $6B to $9B December 6, 2018 Catastrophe modeling firm AIR Worldwide estimates that industry insured losses from the Camp Fire in Northern California will be between...
Farmers Expects $2.1B in Claims from California Wildfires December 5, 2018 By Don Jergler Farmers Insurance expects $2.1 billion in claims from the California wildfires in November. The Los Angeles, Calif.-based carrier said it...